题目
题目

MCD2020 - T1 - 2025 Lecture Quiz 10 - International trade and Labour market

单项选择题

The value of the marginal product of any input is equal to the marginal product of that input multiplied by the:

选项
A.a. marginal cost of the output
B.b. change in total profit
C.c. market price of the output
D.d. additional revenue
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标准答案
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思路分析
When evaluating the question about the value of the marginal product of an input, we need to connect marginal product to the revenue generated by selling the additional output. Option a: 'marginal cost of the output' would tie marginal product to costs, but the value of the marginal product is about revenue generated, not the cost side. Th......Login to view full explanation

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